Video KYC With Aadhaar for a ₹9,35,000 Gold Loan
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A software tester working in Pune may need ₹9,35,000 for a parent's treatment back in the home town. The tester's own jewellery, received at the wedding, can be used to back the loan. Making two trips to a branch is hard to fit in between work shifts. The phone search is for a ₹935000 aadhaar loan, with a question about whether KYC can be done on a video call.
A gold loan is a loan backed by jewellery, which a regulated lender keeps in safe custody until repayment. This article first sets out which KYC route and credit review apply here. It then explains video KYC stage by stage, since that is the step many applicants ask about. Documents, valuation, the application and FAQs come last.
KYC Routes at ₹9,35,000
Aadhaar is commonly the main identity document in a KYC file. At ₹9,35,000, though, OTP-only e-KYC done remotely is generally not enough. Under the KYC rules, it covers term loans of up to ₹60,000 in a year. Lenders then use video KYC, biometric e-KYC or an in-person check.
Video KYC suits applicants who have tight schedules. For a ₹935000 aadhaar loan, it may replace one branch visit, while the gold itself is still checked in person.
The Credit Review at This Amount
The RBI (Lending Against Gold and Silver Collateral) Directions, 2025 were implemented by regulated lenders from April 2026. Under them, loans above ₹2.5 lakh need a detailed credit assessment. The figure is counted on total gold and silver loans to the borrower. Repayment capacity is at the centre of this assessment.
The directions do not prescribe a minimum credit score. A lender may still read credit history as its internal policy allows. A PAN card is generally asked for at this loan size, as part of KYC and tax requirements. Someone typing ₹935000 aadhar loan may not expect this review, but it applies at this amount.
Video KYC Explained
Video KYC, also called V-CIP, is a live video call between the applicant and a trained official of the lender. This section goes through it in three stages.
Before the Call
Consent is usually granted by the applicant, who also makes sure to have the PAN card or e-PAN handy. Stable Internet connection and a conducive environment are necessary for the telephone verification process to take place.
During the Call
Aadhaar details are verified, commonly through OTP or offline verification. The official sees the PAN on camera and captures a live photograph. A few simple questions may be asked to confirm that the person is present.
After the Call
The recording and details are stored as part of the KYC record. If anything is unclear, the lender may ask for a repeat call or a branch visit. For readers asking can I get ₹935000 loan on aadhaar card, video KYC is one part of the process and not the whole of it.
Documents Required
These papers are commonly requested at this amount.
- Aadhaar for identity and address, verified during video KYC
- PAN card or e-PAN, generally asked for at this loan size
- Salary slips and recent bank statements for the repayment review
- A working mobile number linked to Aadhaar
- Bank account details for disbursal
- The jewellery to be pledged
Some lenders add a declaration or other details about ownership of the jewellery. The full set of papers depends on lender policy, the loan amount and the assessment.
Eligibility and Valuation
Age, residency and ownership conditions are set by each lender within the applicable regulations. On the gold side, the directions accept ornaments and bank-issued coins, but not bars, bullion or digital gold.
Loan-to-value ratio, LTV: This is the proportion of the gold’s value which can be used for granting the loan. The guidelines have made it 85% up to ₹2.5 lakh, 80% from ₹2.51 to ₹5 lakh and 75% above ₹5 lakh; hence, the loan amount up to ₹935000 on aadhaar card qualifies for this limit.
The benchmark price comes from IBJA or a SEBI-regulated exchange. The lower of the previous day's close and the 30-day average is taken and adjusted for purity. Only the net gold content is counted.
Application Process
A ₹935000 loan on aadhaar card generally moves through these stages.
- The applicant starts the application online or at a regulated lender's branch.
- Video KYC is scheduled and completed with Aadhaar and PAN.
- The credit report is fetched with consent, and repayment capacity is assessed.
- At the branch, the lender's valuer checks purity and weight while the applicant watches.
- The applicant accepts the terms and signs, and disbursal follows once verification and the remaining formalities are complete.
The interest rate and charges can be different across lenders and products, as these depend on funding and risk considerations. Once the loan is repaid in full, the gold is generally returned within seven working days. A delay on the lender's side attracts ₹5,000 a day under the directions.
IIFL Finance Support for Gold Loan Applicants
IIFL Finance may make a gold loan of ₹9.35 lakh available. This is provided the product is offered at the time, the borrower is eligible, the gold passes the collateral assessment and regulatory requirements are met. Working professionals who hold eligible gold and find repeated branch visits difficult may find it of use.
In line with lender policy and the applicable rules, the funds may be used for legitimate personal costs such as:
- A parent's surgery and hospital stay
- Follow-up treatment and medicines
- A professional certification course
- Travel and other costs for a family wedding
The jewellery is pledged and not sold, which means ownership generally remains with the borrower. It is returned after the loan is repaid under the agreed terms.
Conclusion
A gold loan of ₹9,35,000 generally needs a fuller KYC route than an OTP alone. Video KYC is one such route, with Aadhaar and PAN checked live on a call. Above ₹2.5 lakh, a detailed credit assessment covering repayment capacity applies, though no minimum score is set. The gold is still valued in person, and the loan stays within 75% of its net value. For a ₹935000 aadhaar loan, video KYC may save some time, but it does not take the place of the other checks.
A gold loan can be taken against the jewellery without losing ownership of it. Valuation, disclosure, and safe custody of the gold would be done in accordance with relevant guidelines and policies.
Frequently Asked Questions
Can I get a ₹3 lakh loan on my Aadhaar card?
Yes. Aadhaar handles KYC for a gold loan, and the 80% LTV slab applies at ₹3 lakh. As this is above ₹2.5 lakh, a detailed credit assessment is also required.
Can I get a loan with a ₹35,000 salary?
Yes, a gold loan may be possible. The amount depends on the value of the gold. Income is reviewed for repayment capacity when the loan is above ₹2.5 lakh.
How to check Aadhaar loan?
This is checked through the lender and not through Aadhaar. Progress is generally shown on the lender's app, website or branch. The application reference number is used to track it.
Can I get a ₹9,35,000 loan using only an Aadhaar card without income proof?
In most cases, no. A ₹935000 aadhaar loan is above ₹2.5 lakh, so repayment capacity is assessed. A PAN card is generally required as well.
Disclaimer: This write-up is for general information and is not an offer or assurance of a loan. The terms of any gold loan depend on RBI rules, KYC, the value of the gold, the borrower's assessment and IIFL Finance policy.
Disclaimer : The information in this blog is for general purposes only and may change without notice. It does not constitute legal, tax, or financial advice. Readers should seek professional guidance and make decisions at their own discretion. IIFL Finance is not liable for any reliance on this content. Read more
